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Klaus wishes to deposit an amount of money now so that at the end of five years $500 will have been accumulated. With interest at

Klaus wishes to deposit an amount of money now so that at the end of five years $500 will have been accumulated. With interest at 4% per year, compounded semi-annually, how much should he deposit now?

$337.80

$410.15

$410.95

$609.50

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